Musk’s poles on Twitter triggered backlash from shareholders and Silicon Valley psychoanalysts, who called his demeanor immature and an impediment to the car company’s success.
The embattled CEO came under fuel over the weekend after he baselessly called the diver, Vernon Unsworth, a “pedo” on Twitter and doubled down on the offend before eventually deleting the posts. Musk had piloted to Thailand and offered to assist in the recovery assignment of 12 boys and their tutor from a inundated cave by providing a submarine, but leaders of the operation slumped his help .
Unsworth, who was instrumental in the successful salvage, afterward said Musk’s endeavor was a” PR stunt”, spurring the Silicon Valley billionaire to say he would make a video supporting his “mini-sub” would have worked, lending:” Sorry pedo guy, “youve been” did ask for it .” The diver, who was still at the cave website assisting with clean-up, told the Guardian he was ” stunned and very angry” and considering action at law.
Musk and Tesla have gone silent since he removed the tweets, dismissing reiterated requests for explain since Sunday. Some stockholders, nonetheless, are speaking up.
James Anderson, business partners at Baillie Gifford, Tesla’s fourth-largest stockholder, told the Guardian in an email on Tuesday that the company interpreted” the end of carbon as essential” but, was ” annoyed that the real steps towards this are being overshadowed and undermined by this saga “.
Anderson said he agreed with some of Musk’s past statements calling out critical commentators,” but this is different. We are in contact with the company and we are hopeful that it is being taken with due seriousness .” He said he would like to see” conciliation, quiet and hanging” at the electric car company.
If Musk’s behavior did not change,” it could have a drastic negative impact on the company”, said Gene Munster, head of research at Loup Ventures, a venture capital conglomerate.” It has to start with an justification .”
In addition to losing the trust of investors, Munster said,” the irony here is that their label is word of mouth .” The gossips” could negatively impact demand and access to capital “.
Loup Ventures wrote an open letter to Musk on behalf of investors, saying the comments to Unsworth” bridged the line” and calling for the purposes of an apology.
” Over the last 6 months, there have been too many examples of relating demeanor that is shaking investor confidence ,” the word said.
Jing Zhao, who recently filed a stockholder it is proposed to remove Musk as chairman of the Tesla board and install an independent administrator, said the CEO was being negligent and that it was ” not his business” to travel to Thailand and try to directly solve the salvage challenges.
Zhao said he believed Musk originally had” good intentions”, but that” humanitarian recoveries … are professional exercises that is why we should trust others with local community connections.
” He should focus on his professing ,” Zhao said, adding that if Musk wanted to help these kinds of causes, he should have a separate charity making.
Zhao also said that this scandal offered further evidence that the company necessitated an independent chair:” He is not mature enough .”
Tesla’s board members did not respond to requests for note.
Solar Shed, a British renewable-energy installer, said it would” no longer promote” Tesla-branded products and called on other solar firms to do the same, the Washington Post reported on Monday. The company’s managing board tweeted :” All it takes is a public justification Mr Musk and i will switch our decision .”